Spectrum Bank
Irvine, CA — Domestic Branch of a Domestic Bank
Acquired Jul 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Spectrum Bank | All Insured Commercial Banks in California |
Interest and Fees on Loans | 2,531 | 14,421 |
Income from Lease Financing Receivables | — | 5,135 |
— | 1,595 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 817 |
Income on Loans and Leases (TE) | 2,531 | 14,510 |
Investment Interest Income (TE) | 512 | 5,759 |
Total Interest Income (TE) | 3,265 | 15,445 |
Total Interest Expense | 870 | 5,476 |
Net Interest Income (TE) | 2,395 | 10,123 |
Non-Interest Income | 404 | 2,867 |
Adjusted Operating Income (TE) | 2,799 | 12,364 |
Non-interest Expense | 2,275 | 8,133 |
Provision for Loan & Lease Losses | — | 7,057 |
Pretax Operating Income (TE) | 524 | 12,889 |
Pretax Net Operating Income (TE) | 524 | 12,309 |
Applicable Income Taxes | 132 | 3,561 |
Net Operating Income | 337 | 7,901 |
Net Income | 337 | 7,857 |
Cash Dividends Declared | — | 10,620 |
Retained Earnings | 337 | 5,099 |